Source | TokenHell
Hester Peirce warns against fractionalized NFT issuance
Crypto-friendly Securities and Exchange Commissioner Hester Peirce is one of the most known SEC officials interested in the digital asset industry. She has shown support for the industry and has spoken many positive things about the rapidly growing industry. Fondly called ‘Crypto Mom’ by members of the crypto space, Peirce warns issuers concerning the growing trends surrounding non-fungible tokens.
NFTs are unique token types and are often used to show ownership of intellectual property. One of the most popularly known NFT is Beeple’s recently sold painting, purchased at around $69 million. There are many other popular NFTs, which is a result of the growing demand for tokens. While NFT industry growth is essential, the SEC commissioner warns issuers against breaking the law.
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